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August 20, 2024
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The Buga – Buenaventura 5G achieved financial closure and begins the construction phase

The Buga - Buenaventura 5G achieved financial closure and begins the construction phase

The Fifth Generation (5G) Project New Road Network of Valle del Cauca, Buga – Loboguerrero – Buenaventura Corridor, awarded by the National Infrastructure Agency – ANI, accredited financial closure for a value of $976,000 million, with which it ensures one more of the previous requirements to give start of the construction phase projected in 42 months.

You can read: Civil works production continues to grow, but roads continue to decline

With a length of 128 km, the project will be supported by JP Morgan Chase Bank NA. In this regard, Francisco Ospina, president of ANI, confirmed: “The solidity of road infrastructure projects is reflected in the vote of confidence of the financial system. Once again, the importance of the Public-Private Partnership scheme in the development of strategic initiatives for the country is highlighted. We also celebrate the start of work on this fifth generation project, which is considered one of the most important axes of the national road network.”

It is important to note that during the construction phase projected to last 42 months, they expect to generate more than 6,000 direct, indirect and induced jobs. In turn, it is estimated that the project works will will be completed in February 2028.

See also: Starting August 20, there will be closures on the Bogotá – Villavicencio corridor

Dual carriageway Buenaventura – Loboguerrero – Buga.

ANI

Construction phase begins

In this phase of construction Interventions will be carried out in the sectors between Guadalajara de Buga and Mediacanoa, corresponding to functional unit 18, with activities related to the periodic maintenance and adjustment of the dual carriageway. It should be noted that, gradually, work will begin in all functional units.

This initiative will have a concession length of 128 km, with a second carriageway corridor along 116.1 km. The works include the rehabilitation, operation and maintenance of the existing road.

This project will directly benefit residents of the municipalities of Buga, Yotoco, Restrepo, Calima (Darién), La Cumbre, Dagua and Buenaventura.

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This Fifth Generation (5G) initiative has a $5.3 billion investment (Capex and Opex Dec. 2023) and corresponds to the final section of the Bogotá–Buenaventura dual carriageway corridor.

The Unión Vial Camino del Pacífico Concessionaire made an investment of more than $14,000 million pesos and priority interventions, fulfilling its contract in the pre-construction phase, giving a new face to the road corridor.

The works include slope stabilization, the construction of two short tunnels, totaling approximately 1.4 km, and the change of electromechanical equipment in the seventeen (17) existing tunnels, whose consolidated length is 9.3 km.

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It also includes the rehabilitation of 15 km of the Simón Bolívar highway, the national pass through Buenaventura, the upgrading of 155 km of existing road, the improvement of 33.7 km and the construction of 35 km of new road (second carriageway). The project also includes the maintenance and operation of 244 km.

Paula Galeano Balaguera
Portfolio Journalist

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